Source: Mysteel

Entering December, the overall price of construction steel showed a range of fluctuations. From the perspective of industry fundamentals, the supply side gradually declined due to environmental factors or equipment maintenance plans at some steel mills at the end of the year; The demand for essential goods on the consumer side is gradually weakening, with some regions experiencing seasonal rush to work. Overall, consumption has shown a certain resilience, especially in the past two years when the seasonal characteristics of demand have weakened. The peak season is not prosperous, and the off-season is not weak, which is the norm. In December, the market transaction volume even showed a rebound.

Overall, market consumption continues to decline, and the decline in market trading activity has expanded month on month. At the same time, market participants lack confidence and have weak expectations for the future, and the market is still in the active destocking stage; In the future, with the transformation and upgrading of trading enterprises, more and more companies choose to pursue profits and give up blind assessment of quantity. Secondly, the industry's efficiency is poor, the profit realization channel is crowded, and the circulation profit is further compressed or to some extent suppressed by the trading activity. In addition, the supply and demand of construction steel will continue to decline in the coming year, and the trading volume of the construction steel market may further decrease.

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